Exports poised to see major growth in FY22: India Ratings

Research on Thursday said that led by strong momentum, rising import demand across India's major export destinations, and favorable global trade outlook, India's exports are poised to see major growth in FY22. It said that North America is set to see major import growth of 11.4% and Europe of 8.4% in 2021.
A glance at the FY21 data suggests that some of the major export destinations for India’s top 10 major commodities are also the regions which are expected to witness strong import growth in 2021,” the rating agency said.It said that India’s exports, which have been languishing for quite some time, can take advantage of the favorable trade growth outlook of 2021 and consolidate its position further than what has been witnessed in the first quarter of FY22.